ofgem

June 22, 2022

Ofgem’s approach to licensing allowed market that was vulnerable to large-scale shocks, finds NAO

Ofgem’s approach to licensing and monitoring increased the risk of supplier failures, a new report from the National Audit Office (NAO) has found.

Octopus Energy founder and CEO Greg Jackson. Image: Octopus Energy.

June 21, 2022

Octopus Energy criticises ‘crude ringfencing’ calls as it pushes for rigorous market reform

Octopus Energy has called for more rigorous market reforms to protect customer money without inflating bills.

The Vulnerability Commitment’s signatories include Octopus Energy

June 21, 2022

Ofgem moves to stop customer balances being used as ‘interest free company credit cards’

Ofgem has announced new plans to improve the financial health of energy suppliers in an effort to avoid company failures on the scale seen over the last year.

June 9, 2022

Ofgem and BEIS find DNO’s provided ‘unacceptable service’ during Storm Arwen

Both Ofgem and the Department of Business, Energy and Industrial Strategy (BEIS) have set out a number of recommendations for network operators, as their reviews find service was “unacceptable” during Storm Arwen.

Business and the energy crisis: have the measures gone far enough? Image: Pixabay NC.

June 6, 2022

Ofgem issues provisional order to UK Energy Incubator Hub Ltd

UK Energy Incubator Hub Ltd has been issued with a provisional order by Ofgem for failing to ensure customer service arrangements and processes are “complete, thorough and fit for purpose”.

May 24, 2022

Price cap could jump to £2,800 warns Ofgem’s Brearley

The price cap in October could jump to £2,800, Ofgem CEO Jonathan Brearley has told MPs.

May 17, 2022

Ofgem alters parameters of the Market Stabilisation Charge

Ofgem is altering the parameters of the Market Stabilisation Charge (MSC), which it brought in in February in response to supplier volatility.

May 16, 2022

Ofgem to consult on setting the price cap quarterly

Ofgem has launched a consultation into whether the default tariff price cap should be set every three months, instead of every six.

Image of the IFA2 National Grid Interconnector

May 12, 2022

National Grid to pay back £200m of interconnector revenue early due to energy crisis

National Grid is to pay back £200 million of interconnector revenues ahead of schedule amidst the energy crisis.

May 11, 2022

Capacity Market Advisory Group to go ahead to enable ‘more dynamic’ rule change process

Ofgem has made a decision to create a Capacity Market Advisory Group (CMAG) following an earlier Call for Input on the proposal.

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